Second Thoughts on BitBoots.
BitBoots (reviewed here) has been online since the beginning of September, roughly four months ago. It’s a rather unique program for a number of reasons. Here’s what we said about its investment plans in our “First Thoughts” article that we published shortly after the program went online:
BitBoots offers five investment plans. All of them are what we refer to as “perpetual” plans. This means that, after you make an investment, you will receive earnings from it forever. This is like a normal bank account but, of course, the interest that you receive is much much higher. Here’s what the five investment plans look like:
Level 1
1.1% daily
$50-$1200Level 2
1.3% daily
$1200-$2500Level 3
1.6% daily
$2500-$7500Level 4
1.9% daily
$7500-$15kLevel 5
2.2% daily
$15k-$250kThe BitBoots investment plans are very easy to understand. Unlike many other HYIPs, there is no struggling to figure out how they work. Since they are perpetual, they are certainly long-term plans. Taking a quick look at the investment limits, it appears that only the Level 1 and Level 2 plans might be affordable by the typical online investor, although a few adventuresome folks might opt for the Level 3 plan. It also looks like the plans will provide a satisfactory return that is not so high that the overall program will be at risk of closing prematurely.
When we reviewed the program, we found out that the investment plans would break even in the following numbers of days:
Level 1 91 days
Level 2 77 days
Level 3 63 days
Level 4 53 days
Level 5 46 days
So, right now, early investors in the BitBoots program have all broken even and returns they receive from here on out are pure profit. And, since this is a “perpetual” program, they can potentially make a lot of money.
In our review of BitBoots, we also determined the daily net interest (DNI) that investors will be earning from the program. You will remember that DNI is the profit that you earn from an investment plan averaged out over the entire length of the plan. In perpetual plans like the ones BitBoots offers, the longer the program survives, the higher the DNI becomes. In our review, we determined the DNIs for the investment plans for assumed lengths of survival of the overall program for up to a year. They are all quite modest which, although this doesn’t spell instant riches for the investor, implies the possibility of long-term survivability of the program.
Perhaps the most interesting thing about BitBoots is that it is only a small part of a much larger organization called Grailum. If you enter the BitBoots website by means of links in the EmilyNews website, you will be taken to a page having a tab that lists the “Services” of Grailum. There are seven of them. The one called “Bit Trader” is the BitBoots investment program we have been talking about. However, if you click on any of the other “Services,” you will begin to get a feel for the magnitude of the scope of the Grailum organization. For example, if you click on “Coin Wallet,” you will learn about a method of storing your inactive crypto coins that can earn you interest while they are in storage. It’s analogous to a standard bank account. If you click on “Coin Exchange,” you will be taken to a site wherein you can conveniently exchange change one crypto coin for another. As a final example, if you click on “Grailum Wallet,” you can purchase the new Grailum coin, GXM.
The encouraging thing for the investor is that a LOT of time and effort has been devoted to putting all this together. My opinion is that this wouldn’t have been done unless the Grailum organization intends to be around for a long time. This, of course, is what the online investor wants to hear. I could be WAY OFF on this as HYIPs do very unpredictable things at unpredictable times. However, our job at EmilyNews is to attempt to make sense out of the HYIP business such that the investor can come out ahead — ideally way ahead. So, think about what we have said, do your own due diligence, and possibly invest — or reinvest — with BitBoots.
Good Luck!
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